Lululemon Athletica Inc., the popular high-end maker of trendy yoga clothes, took a few knocks this week after it said Monday that it had to recall black pants making up about 17 percent of its women’s bottoms due to subpar product coming out of its Taiwanese supplier, Eclat Textile Co.
The company’s stock, which topped $70 this month, fell as low of $62 on Tuesday. On Wednesday its stock dipped slightly, shedding 20 cents to close at $63.88.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)